This is why Bitcoin Gold could be a scam
Well friends, first of all I wanna say that this is only something that has been circulating on a telegram-group. Therefore, take it with a grain of salt.
But then again, from a logical point of view, such a scheme would make perfectly sense.
All the more that there has been a lot of vagueness and confusion around Bitcoin Gold and that its developers have still not made the whole source code public.
So are you ready for the scam-plot? Here it is:
How to manipulate the market and get rich! (Bitcoin Gold)
Buy a lot of BTC
Announce a bitcoin fork, take advantage of the fact that bitcoin cash proved to be free money. Come up with a plausible reason for the fork (ASIC resistant blah blah blah)
Announce a date but leave all other details vague, not committing yourself to anything. Don't show any code, don't answer any questions about it, leave all the uncertainty out there so people FOMO, but don't tie yourself to anything
Watch BTC price moon as people flood back into BTC from Alts hoping to get "free money" the way they did with Bitcoin Cash
Shortly before the fork date, sell the BTC you owned before the announcement at a very substantial gain (before BTC invariably corrects post fork), and buy cheap Alts (a result of the popular move back to BTC)
Watch Alts moon after the fork, like they did after Bitcoin Cash.
Let the project die out. Say this or that happened, come up with some reasonable excuse, and since you never really gave anyone any firm information about what you were doing, nobody can prove you lied or scammed.
Laugh at how easy that was
Do you guys consider buying Bitcoin (or did you buy Bitcoin) in order to receive free Bitcoin Gold? Do you think the plot is credible? Leave me a comment below and let me know what you think about it